Sign in

You're signed outSign in or to get full access.

BlackSky Technology (BKSY)

--

Earnings summaries and quarterly performance for BlackSky Technology.

Recent press releases and 8-K filings for BKSY.

BlackSky's Third Gen-3 Satellite Enters Commercial Operations
BKSY
Product Launch
New Projects/Investments
  • BlackSky Technology Inc. successfully integrated its third Gen-3 satellite into commercial operations in just three weeks following launch.
  • This rapid commissioning reflects an exponential increase in speed, with the first Gen-3 unit taking longer and subsequent units delivering imagery as fast as twelve hours.
  • Customers now have access to all three current Gen-3 satellites through the Spectra platform, enabling time-diverse, high-cadence day and nighttime imagery, and AI-enabled analytics for detection and identification.
  • The company plans to grow the constellation at a regular cadence, expanding capacity, lowering latency, and increasing applications for real-time and predictive monitoring.
Dec 17, 2025, 1:30 PM
BlackSky Technology Inc. establishes $100 million "at the market" equity offering
BKSY
  • BlackSky Technology Inc. entered into a Sales Agreement on December 12, 2025, to offer and sell shares of its Class A common stock.
  • The company may sell shares with an aggregate offering price of up to $100,000,000 through Deutsche Bank Securities Inc. and Craig-Hallum Capital Group LLC as sales agents.
  • The offering will be conducted as an "at the market offering", allowing for sales in negotiated transactions, block transactions, or directly on the New York Stock Exchange at market prices.
  • The sales agents will receive compensation of up to 3.0% of the gross proceeds from all shares sold under the agreement.
Dec 12, 2025, 9:26 PM
BlackSky Reports Q3 2025 Results, Highlights New Contracts and Maintained Full-Year Guidance
BKSY
Earnings
Guidance Update
New Projects/Investments
  • BlackSky reported YTD 2025 revenue of $71.4 million and a YTD Adjusted EBITDA loss of $7.9 million.
  • The company secured over $60 million in new contracts, including a $30 million contract for Gen-3 tactical ISR services with an international defense customer. International customers now account for 50% of BlackSky's revenues and over 90% of its backlog.
  • BlackSky's Q3 2025 cash balance increased to $147.6 million, bringing total liquidity to over $200 million.
  • The company maintained its full-year 2025 guidance, projecting revenue between $105 million and $130 million and Adjusted EBITDA between $0 million and $10 million.
  • Expansion of the Gen-3 constellation continues, with the next satellite prepared for launch and the full commercial constellation expected to be operational in 2026.
Nov 6, 2025, 1:30 PM
BlackSky Technology Reports Q3 2025 Results and Maintains Full-Year Guidance
BKSY
Earnings
Guidance Update
New Projects/Investments
  • BlackSky Technology reported total revenue of $71.4 million for the first nine months of 2025, consistent with the prior year, though Q3 2025 revenue was negatively impacted by approximately $4 million due to reductions in the EOCL contract. Adjusted EBITDA for the first nine months of 2025 was a loss of $7.9 million.
  • The company ended Q3 2025 with a strong liquidity position of over $200 million, including $147.6 million in cash, restricted cash, and short-term investments, which is more than double the cash balance from a year ago. BlackSky is maintaining its full-year 2025 guidance and anticipates a strong Q4 and high visibility growth in 2026.
  • BlackSky was awarded over $60 million in new contracts, primarily with international customers, leading international revenues to represent about half of total revenues and over 90% of the backlog. The company continues to expand its Gen-3 constellation, with a goal of having at least 12 Gen-3 satellites operational by the end of 2026.
Nov 6, 2025, 1:30 PM
BlackSky Technology Inc. Reports Q3 2025 Results
BKSY
Earnings
Guidance Update
Debt Issuance
  • BlackSky Technology Inc. reported total revenue of $19.6 million and a net loss of $15.3 million for the third quarter ended September 30, 2025.
  • The company's backlog reached $322.7 million, with approximately 91% derived from international contracts.
  • BlackSky secured over $60 million in new contract awards during the quarter, including a multi-year contract valued at over $30 million with a strategic international defense customer.
  • As of September 30, 2025, the cash balance increased to $147.6 million, supported by $65.9 million in net cash proceeds from a convertible note offering and $10.8 million from the exercise of certain warrants.
  • The company maintains its full-year 2025 guidance for revenue, adjusted EBITDA, and capital expenditures.
Nov 6, 2025, 12:03 PM
BlackSky Technology Reports Third Quarter 2025 Results
BKSY
Earnings
Guidance Update
New Projects/Investments
  • BlackSky Technology reported total revenue of $19.6 million for the third quarter of 2025, alongside a net loss of $15.3 million and an Adjusted EBITDA loss of $4.5 million.
  • The company secured over $60 million in new contract awards, boosting its backlog to $322.7 million, with approximately 91% from international contracts.
  • As of September 30, 2025, the cash balance increased to $147.6 million.
  • The next Gen-3 satellite is at the launch site for an anticipated launch in the coming weeks, and BlackSky is maintaining its full-year 2025 guidance for revenue, adjusted EBITDA, and capital expenditures.
Nov 6, 2025, 12:00 PM
BlackSky Updates on Financial Performance, 2025 Outlook, and Gen-3 Constellation Development
BKSY
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
  • BlackSky reported $102 million in revenue for 2024, demonstrating a +44% annual CAGR from 2021 to 2024, and achieved positive Adjusted EBITDA of $12 million in 2024, a significant improvement from $(44) million in 2021.
  • The company has provided 2025 full-year guidance, projecting revenue between $105 million and $130 million and Adjusted EBITDA between $0 million and $10 million.
  • BlackSky has been awarded multi-year contracts valued up to approximately $2.4 billion, with its backlog as of September 30, 2025, primarily composed of contracts with the U.S. Government (~91%).
  • The Gen-3 constellation, designed to deliver 35cm resolution with a revisit rate and delivery timeline of approximately 60 minutes, had its first successful launch on February 18, 2025, with two satellites deployed and another prepared for launch.
  • In November 2024, BlackSky acquired LeoStella, vertically integrating satellite manufacturing to gain full control over production and economics for its Gen-3 constellation.
Nov 6, 2025, 12:00 PM
BlackSky Secures Multi-Year Contract for Gen-3 Tactical ISR Services
BKSY
New Projects/Investments
Revenue Acceleration/Inflection
  • BlackSky Technology Inc. won a multi-year contract valued at over $30 million.
  • The contract is for integrating Gen-3 high-cadence tactical ISR services into a strategic international defense customer’s secure environment.
  • This solution aims to accelerate sovereign space-based intelligence capabilities by leveraging commercial technology for high-frequency, low-latency Gen-3 capabilities and AI-enabled analytics.
  • The enhancements will enable BlackSky’s commercial high revisit constellation to operate seamlessly within the customer’s secure workflows, delivering fully secure and autonomous operations.
Nov 4, 2025, 1:30 PM
BlackSky Reports 2024 Financials and Strategic Growth Initiatives
BKSY
Earnings
New Projects/Investments
Debt Issuance
  • BlackSky reported $102 million in revenue and $12 million in Adjusted EBITDA for 2024. As of June 30, 2025, the company held $95 million in cash and cash equivalents and $122 million in total debt.
  • The company has been awarded multi-year contracts valued up to approximately $2.4 billion. BlackSky is expanding its Gen-3 constellation, with two satellites deployed as of August 2025 and ten more planned by the end of 2026.
  • In November 2024, BlackSky acquired LeoStella to vertically integrate satellite manufacturing. The company also successfully raised $185 million in an upsized convertible note offering.
Aug 15, 2025, 11:00 AM